What do you consider as 'Rich'?

[i386]

Re: What do you consider as 'Rich'?

Being rich is having enough money that it works for you instead of you working for it. (Being happy is something entirely different)

 

[sasto]

Re: What do you consider as 'Rich'?

I acted as though I was rich going from port to port with the wealthy bossmans luxury sportfishing machine.....and getting paid! Ate well and dressed well with a perpetual smile on my face.

After spending my last dime on fighting cancer, I now know what rich is.

ME.....I'm back....I'm here.....

Everyday above ground is a rich day!

 

[Vlad D Impeller]

Re: What do you consider as 'Rich'?

I know what the words Wealthy, Happy and Contentment means, the word "Rich" is somewhat ambiguous, it's definition more likely tends to define it's user's perception.

This morning i consider Rich to be the cream in my wife's coffee.

 

[skargo]

Re: What do you consider as 'Rich'?

Not being poor. I've been poor (dirt poor) and did not care much fpr it.

Me too! I've been homeless, can't get much more poor(financially) than that. I was still relatively happy.

My wife and I got laid off in 2008, best thing that ever happened to us. I will never have a job again, and my wife owns her own business now, a consignment shop, which she's always wanted to have. Life is GREAT.

Being rich and being financially free are 2 different things IMO

 

[dingbat]

Re: What do you consider as 'Rich'?

In my opinion, success and rich are two different things.

For me, to be rich is to be able to afford everything I need, and MOST of the things I want. There is a difference between needs and wants.

To be successful is to have family and friends that love and respect you. To have good health. To have support when you are at your darkest hour. These are just a few of the measures.

+1 here

 

[ezbtr]

Re: What do you consider as 'Rich'?

I have a friend that is the richest man I know.
He has basic cable tv, no cell phone, a $350 20 year old pickup (needed a motor) he's had for 15 years.
One car family.
A small boat he restored and rebuilt the motor.
Built his own home...mostly by himself (paid for).
He just got cable internet and a computer so his son can be on the same level at school.
His favorite vacation is to motor up the back river and camp.

The best thing of all...he wants for nothing!
He has his family, house, job and his hobbies.
He's not an under-achiever...he's content with what he has!

I consider him rich!

Thats what Im going for!!

 

[642mx]

Re: What do you consider as 'Rich'?

Being rich is having enough money that it works for you instead of you working for it. (Being happy is something entirely different)

Yes... I agree 100%.

Some of you all are getting 'happiness' and 'rich' confused.

 

[ezbtr]

Re: What do you consider as 'Rich'?

A roof over your head, plenty of good food, paid off bills, not spending more than you have, always saving for a rainy day and retirement(20 yrs to go for me), happy, healthy self and kids, and to be able to treat yourself and others once in a while.
When I get my not too expensive home, and ideally pay it off in 15 yrs or less, I'll be "richer"

 

[jkust]

Re: What do you consider as 'Rich'?

Great responses. So what if you had to put a number to it? Does $250,000 per year regardless of other circumstances, geography, net worth or lack of it make the cut? Maybe the number is 100k/year with a 100k in 401k, or maybe 500k/year with no 401k. I'm trying to separate out the happiness. We've had unimaginable loss in our family in the last few years so I'm keeping that aspect in the 'happiness' bucket for another thread.

 

[thefairlaneman]

Re: What do you consider as 'Rich'?

To me it would be having enough to pay all of your bills and they buy MORE toys than you have time to play with. For example rich would mean having 4 or 5 boats and 4 or 5 cars.

 

[dingbat]

Re: What do you consider as 'Rich'?

Great responses. So what if you had to put a number to it? Does $250,000 per year regardless of other circumstances, geography, net worth or lack of it make the cut? Maybe the number is 100k/year with a 100k in 401k, or maybe 500k/year with no 401k.

It depends in your expectations in life. We live on a huge planet. Some are content to live in a small house in a small town and don?t care what?s around the bend of the river. Then there are others that want to experience life to the fullest. They want nice cars, to be able to travel around the world, eat at the finest restaurants and to experience life has to offer.

The amount of money this takes depends on you wants and location. Locally, the mean household income is $118,668 with a per capita income of $43,133. The median house or condo value of $452K and a mean average detached home values of $ 569,337.

How far do you think $100K a year gets you around here? Not much left for exploring around the bend of the river I?m afraid.

 

[jkust]

Re: What do you consider as 'Rich'?

It depends in your expectations in life. We live on a huge planet. Some are content to live in a small house in a small town and don?t care what?s around the bend of the river. Then there are others that want to experience life to the fullest. They want nice cars, to be able to travel around the world, eat at the finest restaurants and to experience life has to offer.

The amount of money this takes depends on you wants and location. Locally, the mean household income is $118,668 with a per capita income of $43,133. The median house or condo value of $452K and a mean average detached home values of $ 569,337.

How far do you think $100K a year gets you around here? Not much left for exploring around the bend of the river I?m afraid.

Yep you East coasters can't do much exploring with 100k of pretax income. Add on all your financial and tax obligations and there isn't much left. We are in the 250k + level and last year and this year lived on 40k of that but saved the rest that didn't go to taxes. We certainly don't feel rich maybe average at best and in my industry I'm about the lowest guy on the totem pole albeit one of the youngest.

 

[12vMan]

Re: What do you consider as 'Rich'?

To be like George Bailey - as his his brother Harry put it: "The richest man in town"

 

[tx1961whaler]

Re: What do you consider as 'Rich'?

We are in the 250k + level and last year and this year lived on 40k of that but saved the rest that didn't go to taxes. We certainly don't feel rich maybe average at best and in my industry I'm about the lowest guy on the totem pole albeit one of the youngest.

Let me get this straight: You have a household income of over 250K and you feel "average at best" ??

 

[skargo]

Re: What do you consider as 'Rich'?

I feel rich because I just bought a 2004 Caddy
I love seeing people who buy new cars, and always have a car payment. We haven't had a car payment in 13 years!

 

[tx1961whaler]

Re: What do you consider as 'Rich'?

I feel rich because I just bought a 2004 Caddy
I love seeing people who buy new cars, and always have a car payment. We haven't had a car payment in 13 years!

Fuzzy Dice? Wheel spinners? Hitch for the boat?

 

[rbh]

Re: What do you consider as 'Rich'?

Fuzzy Dice? Wheel spinners? Hitch for the boat?

If it only was an Eldorodo, he could have that trac off repo man playing constantly.

"Pablo Picasso was never called an @!#%$#%".

 

[treedancer]

Re: What do you consider as 'Rich'?

Getten ready to retire next month, excellent health, house paid off, and two credit cards paid in full every month. Old boat in driveway, paid off and running pretty good. A few bucks in the bank, only wife for the last 40 years is happy and so am I. Yeh I?m rich.

 

[642mx]

Re: What do you consider as 'Rich'?

I love seeing people who buy new cars, and always have a car payment. We haven't had a car payment in 13 years!

Hey... some of us don't have a car payment and have new cars. We bought a new Tundra in 09 and a new Lexus this year and don't have a payment.

 

[puddle jumper]

Re: What do you consider as 'Rich'?

As of for wealth Bill Gates

For me its being able to do what ever I want when I want. Basically being free.

I have been also dirt poor. What I have notice in my life, people with financial security feel that family and health are what make them wealthy. People with no or not much income feel money makes the rich wealthy.

I was once told by a wealthy man that the more money you make the poorer you feel. I would say its a state of mind.